Vuyani_I_Phuma

Vuyani_I_Phuma

We have two possible scenarios here. The pair could break of resistance level 0.90870 giving us a nice bullish trade, or break the support trendline giving us a fair bearish trade. Let's be reactive here!!!

Vuyani_I_Phuma

Buy at 3397.00 break

Vuyani_I_Phuma

i'm here to observe.

Vuyani_I_Phuma

On our 30 minutes chart we have a falling wedge, with 1.18 acting as our bearish support. The 4 hour chart has a bullish trendline and a bullish channel adding a general bullish sentiment on the pair. The H4 Trendline, Channel Lower limit and the wedge's lower trendline are set to intersect at 09/09/2020 08:00. It will be interesting to see how this one plays out. VP

Vuyani_I_Phuma

Which one will it be? Head and Shoulders or ABCD Pattern?

Vuyani_I_Phuma

Buy on break of current resistance level (12954.8)

Vuyani_I_Phuma

we are yet to see the completion of Waves 3, 4 & 5

Vuyani_I_Phuma

Target is 3200

Vuyani_I_Phuma

let's watch

Vuyani_I_Phuma

Trade Breakouts here.Remember the Resistance at 1.1194

Vuyani_I_Phuma

Interesting levels to keep in mind here

Vuyani_I_Phuma

I see a Bearish ABCD Pattern

Vuyani_I_Phuma

Watch

Vuyani_I_Phuma

Let's see what will happen here

Vuyani_I_Phuma

Bearish Head and Shoulders Pattern (H4) with a combination of a Trendline (H1) and a Resistance Area(H1)

Vuyani_I_Phuma

I think it will be interesting to see how this one plays out this week!

Vuyani_I_Phuma

Target: 0.64713

Vuyani_I_Phuma

I'm expecting a sell since the broken trendline has turned resistance on its retest. Let's wait and see what happens.